Security is the cornerstone of success in the unforgiving world of decentralized finance (DeFi). Hatom understands this all too well. With 21 completed audits and an astonishing $3 million investment, the protocol is pulling out all the stops to safeguard its users and win over the most discerning investors. Here’s an in-depth look at a strategy that leaves no room for error.
Security First: A Non-Negotiable Priority
For a project like Hatom, which manages user funds, even a small vulnerability can spell disaster. By allocating such a significant budget to audits, Hatom doesn’t just reassure; it proves its commitment to its users. These audits, conducted by independent firms, scrutinize every line of code for potential flaws. This level of transparency gives Hatom a major competitive edge in an industry where trust is as valuable as capital.
Setting Records on MultiversX
With 21 audits completed, Hatom stands tall as the most audited project on MultiversX (formerly Elrond). This achievement far exceeds the industry norm, where many DeFi projects undergo only a handful of audits before launching. This proactive approach establishes Hatom as a benchmark for security, raising an important question: can other protocols truly compete without adopting such rigorous standards?
Why So Many Audits?
The answer is simple: to prevent systemic risks. In DeFi, a single bug or exploit can lead to massive losses—not just for the protocol but also for its users and partners. Recent crises in the crypto space have shown that security is an essential investment, not a luxury.
Hatom hasn’t limited its audits to its core protocol. Every new addition, such as the Booster V2 or the integration of Pell’s future restaking token, undergoes rigorous testing. This discipline ensures that each new product or feature integrates seamlessly into the ecosystem without introducing new vulnerabilities.
A Winning Strategy to Attract Investors
By prioritizing security, Hatom appeals directly to two key audiences:
- Institutional investors looking for stable and trustworthy projects.
- Savvy users who are risk-averse and willing to prioritize a secure protocol, even if it comes with slightly higher fees.
This security-first approach aligns with a long-term vision. By building a solid reputation, Hatom aims to become a cornerstone of MultiversX while expanding into other ecosystems. With innovative products like USH Proxy on the horizon, this strategy is poised to attract external liquidity and strengthen Hatom’s position.
A Lesson for the DeFi Industry
Hatom is setting an example for the entire DeFi industry: security is not an expense; it’s a strategic investment. While many projects cut corners to launch products quickly, Hatom takes the opposite route. This bold choice may well pay off, especially in a time when trust in DeFi protocols has been shaken by repeated scandals and hacks.
If you’d like a recap of the Hatom AMA, feel free to check out Matt La Banane’s tweet (in French).
Share this article if you believe security is the key to restoring trust in DeFi, because every user deserves a protocol that is both reliable and transparent.